Senior Product Manager - Asset Management (Liquidity & Cash Investments)

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role

The Senior Product Manager, Liquidity & Cash Investments is responsible for the strategic development, management, governance, and commercial positioning of Northern Trust Asset Management's liquidity solutions. The role partners closely with investment, distribution, legal, compliance, risk, operations, and technology teams to deliver innovative, scalable, and client-focused investment products that meet evolving market demands while maintaining regulatory and governance standards.

Key Responsibilities

• Liquidity Product Strategy & Management Lead the development and execution of product strategy across liquidity and cash investment solutions, including mutual funds, money market funds, government and treasury strategies, sweep-eligible products, and separately managed accounts. Monitor market trends, client requirements, competitive developments, interest rate environments, regulatory changes, and industry innovation to identify product opportunities and enhancements. Develop product positioning, business cases, and strategic recommendations for senior leadership. Act as a subject matter expert for liquidity solutions, supporting internal stakeholders, clients, consultants, and distribution teams. Prepare executive presentations, client materials, marketing content, and sales support documentation.
• Product Development & Cross-Functional Leadership Drive product launches, enhancements, restructures, and lifecycle management initiatives. Support the development of tokenized liquidity solutions and digital product capabilities, ensuring alignment with broader business strategy and client needs. Partner with portfolio management teams on investment strategy, product performance, liquidity management, cash flows, investment guidelines, and capacity considerations. Collaborate with technology teams to enhance digital client experiences and cash management platforms. Coordinate product governance processes, including product approvals, fund changes, prospectus updates, and committee materials.
• Governance, Risk & Regulatory Oversight Partner with legal, compliance, risk, and operational teams to ensure products remain compliant with applicable regulations and internal governance requirements. Support regulatory initiatives, disclosures, documentation updates, and ongoing product oversight activities. Contribute to product governance committees and risk management forums. Ensure operational readiness and effective controls throughout the product lifecycle.

Qualifications & Experience

• Bachelor's degree in Finance, Economics, Business, or a related discipline.
• Significant experience within asset management, product management, liquidity investments, fixed income, treasury, or cash management solutions.
• Strong knowledge of money market funds, cash investment products, liquidity strategies, and institutional client requirements.
• Understanding of regulatory frameworks, product governance, and risk management practices within asset management.
• Experience working across global, cross-functional teams and influencing senior stakeholders.
• CFA, CAIA, MBA, or other relevant professional qualifications preferred.

Skills & Competencies

• Strong product management and strategic thinking capabilities.
• Excellent analytical and problem-solving skills with the ability to translate market insights into actionable product strategies.
• Strong executive-level communication and presentation skills.
• Proven ability to lead cross-functional initiatives and influence stakeholders across the organization.
• Client-focused mindset with strong commercial awareness.
• Exceptional organizational skills and attention to detail.
• Proficiency in Microsoft Office and investment research, analytics, and market data platforms.

Success Profile

The successful candidate will combine deep liquidity and cash management expertise with strong commercial acumen, strategic judgment, and collaborative leadership. They will be comfortable operating in a highly regulated environment, driving innovation, and delivering solutions that enhance client outcomes and support business growth.

Work Authorization

Applicants must have the right to work in the United Kingdom at the time of application and for the duration of employment. Please note that Northern Trust is unable to provide visa sponsorship for this role. This includes Skilled Worker visas, Global Business Mobility routes, Graduate visas, Youth Mobility Scheme, High Potential Individual visas, Scale-up Worker visas, Temporary Worker visas, and other employer-sponsored visa categories.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.).

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